Panama hit by 6.2-magnitude quake – no tsunami risk
A 6.2-magnitude earthquake has struck off the coast of Panama, according to the United States Geological Survey (USGS)...
Canada's Minister of International Trade, Export Promotion, Small Business and Economic Development Mary Ng
Canada wants to deepen its economic ties with the EU and uphold global trading rules in the face of threatened U.S. tariffs, its trade minister Mary Ng told Reuters on Saturday.
The EU and Canada have benefited from a free trade agreement since 2017, which has boosted bilateral trade by 65%, and set up a raw materials partnership in 2021.
Ng met EU trade chief Maros Sefcovic for a lunch on Saturday following a meeting with Ngozi Okonjo-Iweala, the director general of the World Trade Organization in Geneva on Friday.
"Trade agreements are one thing, and we have seen really great numbers, but what more can we be doing to help Canadian businesses enter into any of the 27 member states...and what more can we do to the same in Canada" Ng said.
She said critical minerals and smaller businesses would be among the focus areas with the EU. The EU, in particular, is keen to forge partnerships to secure metals that are key for the energy transition - cobalt, lithium and nickel - to reduce its dependence on China.
Canada is also pushing to diversify its exports and set itself a target in 2018 of increasing non-U.S. exports by 50% by 2025. Ng said the country was on track to meet or exceed the target.
Canada struck trade deals with Indonesia in December and Ecuador last week and is pushing hard in the Indo-Pacific region. The minister is leading a delegation including more than 200 businesses to Australia, Singapore and Brunei next week.
"We are at the table with the countries in Southeast Asia, so the Association of Southeast Asian Nations. I took a very large delegation of Canadian businesses to the Philippines in December, to Indonesia, to markets like Vietnam, Malaysia, Japan, Korea," Ng added.
Ottawa threatened retaliatory duties and legal action against the United States after President Donald Trump announced tariffs on Canada and Mexico a week ago and before he paused their imposition for 30 days. Ng said Canada could challenge Washington at the WTO if tariffs were imposed.
"We would consider all of the options are available to Canada because Canada is a country that believes in a rules-based trading system," Ng said.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day.
A 6.2-magnitude earthquake has struck off the coast of Panama, according to the United States Geological Survey (USGS)
New York Governor Kathy Hochul has urged the White House to take immediate steps to address the growing threat of drone attacks on the United States, citing past incidents and their increasing use in global military operations.
U.S. President Donald Trump has announced that Washington has successfully contributed to resolving the long-standing conflict between Azerbaijan and Armenia.
The Financial Stability Board (FSB), the G20’s financial regulator, has paused further climate policy work as the United States distances itself from key initiatives.
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